Colby College
Waterville, ME, USA

Tuition, Cost & Aid

Affordability and Cost

Average Net Price Average net price for full-time, first-time degree/certificate-seeking undergraduates paying the in-state or in-district tuition rate who were awarded grant or scholarship aid from federal, state or local governments, or the institution. Other sources of grant aid are excluded. Aid awarded anytime during the full aid year is included.

Average net price is generated by subtracting the average amount of federal, state or local government, or institutional grant and scholarship aid from the total cost of attendance. Total cost of attendance is the sum of published tuition and required fees (lower of in-district or in-state), books and supplies and the weighted average room and board and other expenses.
$20,739
Calculate your net cost
Average Net Price By Family Income
Income
Average Amount
< $30k
$7,901
$30k - $48k
$7,211
$48k - $75k
$7,524
$75k - $110k
$15,658
$110k+
$36,277
Tuition
In-State Tuition In-state tuition is the tuition charged by institutions to those students who meet the state's or institution's residency requirements. In-district tuition is the tuition charged by the institution to those students residing in the locality in which they attend school and may be a lower rate than in-state tuition if offered by the institution.
$55,210
Out-of-State Tuition Out-of-state tuition is the tuition charged by institutions to those students who do not meet the state’s or institution’s residency requirements. Out-of-district tuition is the tuition charged by the institution to those students not residing in the locality in which they attend school.
$55,210
Additional Costs
Room and Board The weighted average for room and board and other expenses is generated as follows:
  • (amount for on-campus room, board and other expenses * # of students living on-campus.
  • + amount for off-campus (with family) room, board and other expenses * # of students living off-campus with family
  • + amount for off-campus (not with family) room, board and other expenses * # of students living off-campus not with family)
divided by the total # of students. Students whose living arrangements are unknown are excluded from the calculation. For some institutions the # of students by living arrangement will be known, but dollar amounts will not be known. In this case the # of students with no corresponding dollar amount will be excluded from the denominator.
$14,190
Books and Supplies
$800
Tuition Payment Plan
Yes
Financial Aid: visit page
Financial Aid Email: finaid@colby.edu

Aid & Grants

0
100
100%
Need Met
Students Receiving Gift Aid Percent of undergraduate students awarded federal gift aid. Federal gift aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
11%
Average Aid Per Year
$45,463
Students Receiving Grants Percent of undergraduate students awarded grant aid. Grant aid includes any grant or scholarship aid awarded, from the federal government, a state or local government, the institution, and other sources known by the institution.
11%
Average Federal Grant Aid Per Year
$7,034
Average Institution Grant Aid Per Year
$43,154
Students receiving state aid
2%
Average State Grant Aid Per Year
$1,615
Students receiving federal aid
16%
Average Federal Grant Aid Per Year
$7,034
Average Grant & Scholarship By Family Income
Income
Average Amount
< $30k
$57,923
$30k - $48k
$58,613
$48k - $75k
$58,300
$75k - $110k
$50,166
$110k+
$29,547
Total Needs Based Scholarships/Grants Total amount of grant or scholarship aid awarded to all undergraduates from the federal government, state/local government, the institution, and other sources known to the institution.
$29,957,165
Total Non-Need-Based Scholarships/Grants
$178,805

Student Loans

Students Borrowing Loans Loans to students - Any monies that must be repaid to the lending institution for which the student is the designated borrower. Includes all Title IV subsidized and unsubsidized loans and all institutionally- and privately-sponsored loans. Does not include PLUS and other loans made directly to parents.
19%
Average Loan Amount Per Year
$5,000
Students receiving federal loans
19%
Average Federal Loans Per Year
$5,000
Average Other Loans Per Year
$12,639
Average Debt at Graduation The median federal debt of undergraduate borrowers who graduated. This figure includes only federal loans; it excludes private student loans and Parent PLUS loans.
$17,799
Loan Default Rate
2%
US National: 7%
Median Monthly Loan Payment The median monthly loan payment for student borrowers who completed, if it were repaid over 10 years at a 5.05% interest rate.
$204

What Students Are Saying

3.81 Average Rating
This college is especially good for minority students, because it is willing to shell out more cash. I don't know about other schools ,but when I applied in 2010 I went to Colby because the financial aid I received was astounding. You have to fight to keep it, but it was a very good motivator this year. Also, I have the added bonus of being a part of CAPS (Colby Achievement Program for Underrepresented Minorities in the Sciences) where Colby PAID ME to go to school in the summer and get a handle on chemistry and biology while doing undergraduate research. Can you say beautiful?
Kristen from Atlanta, GA
so many resources, opportunities, and connections that there is no reason why you shouldn't get a job right out of doing well here!
Bridget from Eliot, ME
Colby's comprehensive tuition cost is expensive, but the college does provide financial aid and a means of paying for your education. Colby College is also affiliated with the Posse Foundation, CAPS (Colby Achievement Program in the Sciences), and the Ralph Bunche Society, three scholarship programs that focus on bringing brilliant leaders and diversity to college campuses across the country. Finally, most events on campus are completely free, and the few events that require the purchasing of tickets are very cheap and affordable.
Angela from Bronx, NY
Colby is very reasonable about financial aid. It is need-based, and that worked best for me and my family's fiscal situation. It was one of the main reasons that I wanted to go to Colby-and I am able to attend here without serious fiscal concerns. But even if I had 53,000 dollars to spend every year, I would still go here. The education's amazing, as are the people and the Colby campus.
Priscilla from Waterville, ME

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